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It's worth noting, they started taking savings accounts into account just last month. Frankly, this conflates what exactly is going on. This probably is a bett
by citilife 6y ago
It's worth noting, they started taking savings accounts into account just last month. Frankly, this conflates what exactly is going on.
This probably is a better graph: https://fred.stlouisfed.org/series/M1REAL https://fred.stlouisfed.org/series/M1REAL
Essentially, showing the money supply adjusted by the consumer price index.
Also velocity is currently down dramatically:
https://fred.stlouisfed.org/series/M1V https://fred.stlouisfed.org/series/M1V
What does all this mean? If / When velocity picks up we're in for a hell of a ride. Inflation is going to be steep, UNLESS they pull money out of the market. Which is quite possible.